Tax and not Tax on Capital Structure of Real Estate and Property Company
<p class="Abstract">This study aims to examine and analyze the effect of corporate tax rate, non-debt tax shield, investment opportunity set, profitability, and sales growth to the level of debt (leverage) on real estate and property companies listed on Indonesia Stock Exchange Perio...
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| Format: | Article |
| Language: | English |
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EconJournals
2019-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/7613 |
| _version_ | 1797907483884257280 |
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| author | Fauzi Thalib Herdiyana Herdiyana Ayi Wahid |
| author_facet | Fauzi Thalib Herdiyana Herdiyana Ayi Wahid |
| author_sort | Fauzi Thalib |
| collection | DOAJ |
| description | <p class="Abstract">This study aims to examine and analyze the effect of corporate tax rate, non-debt tax shield, investment opportunity set, profitability, and sales growth to the level of debt (leverage) on real estate and property companies listed on Indonesia Stock Exchange Period 2011-2015. This study uses panel data regression with fixed effect model to estimate 40 companies selected through purposive sampling. The results showed that corporate tax rate, non-debt tax shield, investment opportunity set, profitability, and sales growth have a significant effect simultaneously on debt level. Partially, from the five independent variables are known there are three variables that significantly affect the leverage of corporate tax rate, investment opportunity set, profitability, while the other two variables namely Non-debt Tax Shield and Sales Growth have no significant effect. This shows that Non-debt Tax Shield and Sales Growth statistically does not affect the level of debt in the real estate and property companies listed on the Indonesia Stock Exchange.</p><p class="Abstract"><strong>Keywords:</strong> Tax, Shield, Profitability, Leverage, Property.</p><p align="left"><strong>JEL Classifications:</strong> E10, E32, E60</p><p align="left">DOI: <a href="https://doi.org/10.32479/ijefi.7613">https://doi.org/10.32479/ijefi.7613</a></p> |
| first_indexed | 2024-04-10T10:37:31Z |
| format | Article |
| id | doaj.art-3881dca8f97f4a429524ef3e638def37 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:37:31Z |
| publishDate | 2019-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-3881dca8f97f4a429524ef3e638def372023-02-15T16:20:45ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382019-03-019287953761Tax and not Tax on Capital Structure of Real Estate and Property CompanyFauzi Thalib0Herdiyana HerdiyanaAyi WahidUniversitas Persada Indonesia Y.A.I Jakarta Indonesia<p class="Abstract">This study aims to examine and analyze the effect of corporate tax rate, non-debt tax shield, investment opportunity set, profitability, and sales growth to the level of debt (leverage) on real estate and property companies listed on Indonesia Stock Exchange Period 2011-2015. This study uses panel data regression with fixed effect model to estimate 40 companies selected through purposive sampling. The results showed that corporate tax rate, non-debt tax shield, investment opportunity set, profitability, and sales growth have a significant effect simultaneously on debt level. Partially, from the five independent variables are known there are three variables that significantly affect the leverage of corporate tax rate, investment opportunity set, profitability, while the other two variables namely Non-debt Tax Shield and Sales Growth have no significant effect. This shows that Non-debt Tax Shield and Sales Growth statistically does not affect the level of debt in the real estate and property companies listed on the Indonesia Stock Exchange.</p><p class="Abstract"><strong>Keywords:</strong> Tax, Shield, Profitability, Leverage, Property.</p><p align="left"><strong>JEL Classifications:</strong> E10, E32, E60</p><p align="left">DOI: <a href="https://doi.org/10.32479/ijefi.7613">https://doi.org/10.32479/ijefi.7613</a></p>https://www.econjournals.com/index.php/ijefi/article/view/7613 |
| spellingShingle | Fauzi Thalib Herdiyana Herdiyana Ayi Wahid Tax and not Tax on Capital Structure of Real Estate and Property Company International Journal of Economics and Financial Issues |
| title | Tax and not Tax on Capital Structure of Real Estate and Property Company |
| title_full | Tax and not Tax on Capital Structure of Real Estate and Property Company |
| title_fullStr | Tax and not Tax on Capital Structure of Real Estate and Property Company |
| title_full_unstemmed | Tax and not Tax on Capital Structure of Real Estate and Property Company |
| title_short | Tax and not Tax on Capital Structure of Real Estate and Property Company |
| title_sort | tax and not tax on capital structure of real estate and property company |
| url | https://www.econjournals.com/index.php/ijefi/article/view/7613 |
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